Sweep Volume Index

Sweep Volume Index measures what ordinary volume hides: how much actually traded beyond a swing level during liquidity sweeps. Using intrabar data, it isolates the volume transacted past a pivot high or low while the candle body fails to hold beyond an ATR-based threshold (sweep volume, not candle volume) and plots it as an oscillator. Bullish columns tally activity above swept highs, bearish columns below swept lows, and decaying envelopes frame each spike against recent sweep history.

How to Trade the Sweep Volume Index?

• Heavy sweep plus rejection: a large spike as price pierces a level but closes back inside suggests liquidity was collected and absorbed, a reversal setup worth confirming with structure or momentum.
• Light sweep on a break: low sweep volume implies the level was cleared with little opposition, which can precede faster continuation.
• Rising volume, shrinking progress: successive sweeps with growing sweep volume but smaller price extension hint at trend exhaustion.
• Envelopes as baseline: judge each spike against the decaying envelopes to see whether sweep activity is out of the ordinary.

Explicit sweep detection rules (pivot, threshold zone, intrabar count) keep the plotted values strictly sweep-specific.

Sweep Volume Index Settings

• Pivot Length: lookback and lookahead for structural swing highs and lows; higher values isolate more significant swings.
• Intrabar Timeframe: the lower timeframe used for granular volume; lower is more precise but needs sufficient chart history.
• Use ATR Threshold / ATR Length / ATR Multiplier: define the buffer zone in which a pierce still counts as a sweep. Larger multipliers qualify more moves.
• Envelope Alpha %: how slowly the envelopes decay; higher values keep them elevated longer.
• Visual toggles cover on-chart swing levels, oscillator fills, and all colors.

Frequently Asked Questions

Why does it need a lower timeframe?

What pairs well with it?

How do I get the Sweep Volume Index?